Question : Which of the following is an example of a transfer payment in a government budget?
Option 1: Military spending
Option 2: Education spending
Option 3: Social security benefits
Option 4: Infrastructure spending
Correct Answer: Social security benefits
Solution : The correct answer is (c) Social security benefits
Transfer payments refer to payments made by the government to individuals, households, or other entities without the expectation of receiving goods or services in return.
Social security benefits are a type of transfer payment provided by the government to support individuals who are retired, disabled, or otherwise eligible for specific social security programs. These benefits are typically intended to provide income support and financial assistance to eligible individuals or households.
Transfer payments are a significant component of government budgets, and they often include other types of payments such as welfare benefits, unemployment compensation, pensions, and subsidies to individuals or businesses. These payments aim to redistribute income, provide social support, or address specific economic or social needs within society.
Question : Which of the following is an example of an automatic stabilizer?
Option 1: Unemployment benefits
Option 2: Defense spending
Option 3: Education spending
Option 4: Social security spending
Question : Which of the following infrastructure is associated with education, health and housing?
Option 1: Economic infrastructure
Option 2: Social infrastructure
Option 3: Both A and B
Option 4: Neither A and B.
Question : During the Gupta period, which of the following was a major center for learning and education?
Option 1: Varanasi
Option 2: Ujjain
Option 3: Nalanda
Option 4: Pataliputra
Question : Which of the following claims concerning the cost of education is true?
Option 1: In India, the majority of total educational spending is spent at the elementary level.
Option 2: In India, tertiary education accounts for the majority of all educational spending.
Option 3: In India, secondary schooling accounts for the majority of all educational spending.
Option 4: The majority of India's total educational spending is spent at higher levels.
Question : Which type of infrastructure is essential for education and learning?
Option 1: Power plants
Option 2: Schools
Option 3: Stadiums
Option 4: Shopping malls
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